Allsop kicks off the year with 145-lot residential auction

Allsop, a leading property consultancy and the UK’s largest property auction house, has released the catalogue for its January residential auction, which will offer 145 lots across the UK.

The catalogue features a mixture of residential and mixed-use investment and development opportunities across the UK, including houses and flats, vacant sites and garages.

This auction comes off the back of Allsop raising £880m from both residential and commercial auctions in 2023 – with residential auction sales a c. 20% increase on the year before (£445m in 2023 vs. £372m in 2022) – despite the challenging economic and political turbulence characterised by rising interest rates and inflation against the backdrop of a countrywide cost of living crisis.

Richard Adamson, partner and auctioneer at Allsop, said: “Our first residential auction catalogue of the year features over 140 lots covering the length and breadth of the country, reflecting Allsop’s position as the UK’s largest property auction house. The catalogue includes a variety of property types including income-producing mixed use and residential investments, development and other value add opportunities. The last few months of 2023 seemed to bring more certainty and some quiet optimism, so we are anticipating a busy few weeks as investors return to the market following the Christmas break.”

Auction highlights include:

• Lot 6: Chelsea, London – a long leasehold self-contained ground floor two-bedroom flat in Chelsea extending to 136 sq. m, guided at £1.65m+
• Lot 10: Southampton – two unbroken blocks of flats comprising a total of 29 self-contained flats, producing £180,578 p.a. with five flats vacant, guided at £1.6m+
• Lot 20: Swadlincote – a freehold residential block comprising a total of 40 letting rooms, producing £102,422 p.a. with 22 letting rooms vacant, guided at £600,000+
• Lot 31: Grimsby and Cleethorpes – a portfolio of five unbroken buildings comprising a total of 42 self-contained apartments, two mews houses and four shops, producing £220,724 p.a. with five units vacant, guided at £2m+

Allsop’s next residential auction will be held online on 23 January via livestream, and the complete catalogue can be viewed here.